Huawei eyes Australia listing in 10 years' time

Huawei eyes Australia listing in 10 years' time

Summary: The telecoms equipment maker looks for a listing on ASX within a decade, which it believes will help dispel concerns over China and Huawei, and pave the way for future NBN involvement.

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Chinese telecoms equipment maker Huawei is eyeing a future listing in Australia within the next decade, and believes this will help dispel any concerns over the company and China.

Huawei Australia director John Brumby pointed out the listing was under consideration, in an article Tuesday by The Australian.

"I think in 10 years' time we look toward a local float of the business," he said.

He added the company was still hopeful of being involved in tendering for National Broadband Network (NBN) supply contracts in future, after it was banned from doing so over national security concerns.

Brumby, who is also the former premier for Victoria state, said he hoped "over time these things can be worked out at a company-to-government level and then a government-to-government level".

"If that takes six months or six years I hope it would be worked out," he added.

Topics: Tech Industry, NBN, Australia

About

Loves caption contests, leisurely strolls along supermarket aisles and watching How It's Made. Ryan has covered finance, politics, tech and sports for TV, radio and print. He is also co-author of best seller "Profit from the Panic". Ryan is an editor at ZDNet's Asia/Singapore office.

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